Tag: Fed

US economy exceeds expectations to add 287,000 jobs Figure comes after two months of disappointing job growth Unemployment climbs to 4.9%, labor department says The US economy added 287,000 jobs in June – exceeding expectations after two months of disappointing job growth. The unemployment rate went up to 4.9%, the Department of Labor announced on Friday. Economists polled by Reuters had expected 175,000 jobs to be added in June and the unemployment rate to go up to 4.8% – up from 4.7% a month ago. Friday’s report comes just days after the…